$4,250,000 Price Analysis   ♡   Los Angeles, CA 90059 39 bed 22 bath 13,742 SqFt ($309/SqFt) 0.33 acre lot. Built 1951 Listed 2024-01-18 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
825-833 108th street is a lucrative investment opportunity in the form of a well-maintained 22-unit apartment building on three separate parcels.
This property boasts an ideal unit mix, strategic location and significant upside potential, making it a prime asset for both seasoned investors and those looking to enter the real estate market. Key Highlights: 1. Unit Mix: The property offers a diverse unit mix, predominantl y featuring roomy 2-bedroom layouts that cater to a wide range of tenant preferences. 2. Rent Upside Potential: Unlock substantial value with over 35% upside potential in rents. This presents a unique opportunity to maximize returns and enhance the overall profitability of the investment. 3. Recent Renovations: Over half of the units have undergone renovations in the last 3 years, ensuring modern interiors and increased tenant satisfaction.
This contributes to the property's overall appeal and value. 4. Proximity to Avalon Metro Station: Enjoy the convenience of being in close proximity to the Avalon Metro Station, providing easy access to public transportation and enhancing the property's attractiveness to potential tenants. 5. Near Parks and Recreation Center: Residents can take advantage of nearby parks and a recreation center, offering a blend of green spaces and recreational activities for a well-rounded living experience. 6. Well-Maintained Property: The building is meticulously maintained, reflecting a commitment t quality and ensuring a positive living environment for residents. 7.Investment Potential: This property presents a compelling investment case, combining a strong unit mix, recent renovations and the potential for increased rental income, making it an attractive option for investors seeking long-term growth. Don't miss out on this rare opportunity to acquire a well-positioned and income-generating property.
Presented by Hooman Emanuel at
Keller Williams Realty-Studio City.
Property MLS #24-348907 from TheMLSCLAW
Full Bathrooms: 22
Laundry Features: Laundry Area
Lot Size Acres: 0.3302801
Lot Size Square Feet: 14387
Parking Total: 8
Calculated Total Monthly Association Fees: 0
Number of Units: 22
Unit Features: 1 BedsTotal: 1, 1 BathsTotal: 1, 1 SquareFeet: 9475, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 36550
County: Los Angeles
Cap Rate: 6.47
Directions: North of Imperial Hwy East of Avalon Blvd
Source Property Type: Residential Income
Area: Metropolitan South
Source Neighborhood: Metropolitan South
Parcel Number: 6051-022-033
Postal Code Plus 4: 1031
Zoning: LAM1
Source System Name: C2C
$4,250,000
TheMLSCLAW
Price Changed 2024-02-26
$4,295,000
TheMLSCLAW
Listed 2024-01-18
$4,395,000
TheMLSCLAW
Year Built: 1951
Levels: Two Level
Property Age: 73
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.